I just checked poloniex today and btcprice went don't to $5506.28 so that would be -$500 dive. Is this because of the upcoming fork? Can somebody enlighten me what could be causing this?
Yes buddy you said it. Its because of the fork. Majority of the bitcoin community knows that nothing is going to happen during the fork. But there are still some people who don't have proper information regarding this. These people because of panic, just sell their coins. That's why the btc price dropped suddenly. But I am sure within one week, it will again cross 6000 dollars.